The Next 24: Bernanke Testifies

5/21/2013 5:20PM

Two Fed officials offer an opening act for Ben Bernanke’s appearance before Congress tomorrow. Plus, anyone betting on the housing market recovery should watch for some important earnings before the bell. Victor Reklaitis previews the next 24 hours. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... it's time for the next twenty four when we take a sneak peek at what's happening in the markets of the next twenty four hours I'm Simon Qassam on the brickwork lettuce joins a step ... for MarketWatch Last Ming and some ... of the year ... a lot going on nom ... net apples banana I Nanda is up after hours on strong quarterly earnings reports of tech investors want attention ... this is the data storage company in its big cap stocks that helps companies with things like ... securing their data managing their data things like that on this is a stock that ... I moved up fifty two week high last week on Cisco's strong quarterly earnings report that helps tech stocks overall ... ALM so ... now Chun some restraint ... that's right I'm you know this'll be an even bigger fifty two week high ... not now ... overnight tumble will people be looking at that ... um well I think overseas investors are just waiting for what Ben burn Anqi mites that and and of some Congress to us aam ... and others see us investors are really interested and that is well ... I mean one strategist lamented that it is looking for maybe a twenty point and Essen P five hundred stock market likes what Bernanke yes this thing ... through to the two was in the deal would separate once the wheels let go of the pond today Bob Lawton probably made some some coal mines and people reacted to this year's equities are two other Fed officials made it seem like the market was just going to finish flat and just wait for Ben burn Anqi between that kind of this opening act aam ... of Buller was saying a no tapering ... of the central bank's bond buying out with inflation so low that was because of slowing down on the money printing exactly a so ... that stocks and bonds like that aam and that was the ... surprising to see that I'm doubly said of the Fed needs to be careful about tapering some comments along those lines ... so aam ... this is interesting to see these games but stocks and bonds instead of just flat action ahead of the big show now before the opening bell tomorrow beginning at some news about housing market what's happening now ... for anyone who's betting on housing market recovery once been paying attention retina have earnings from two housing related stocks will have loads of home improvement retailer Holsopple brothers ... of builder ... um so was the slowest time ... I was was Masco brothers Toll Brothers ... trending upwards as ... passwords loan's rate aam and pulls the best level since early two thousand six of those near an all-time high of ... us that traders would often be watching to see if these two stocks and other housing ... related play as ... I keep moving higher on those looked upon this now we won't have a robust recovery since the end in sight mobile without housing when parts of it ... if we actually do get a housing recovery that's where the robots are completely differently but ... these stocks are important for housing related play isn't just overall content ... great stuff as always ... click reply to some MarketWatch I'm Simon Constable ... and that was the next twenty four ...